Wednesday, March 29, 2023



China central bank to promote reform of Yuan exchange rate

China's central bank said on Saturday it will promote further reform of its exchange rate mechanism, but maintained there is no basis for "large swings" in the currency. Thailand Business News

Chinese car maker Geely buys Swedish Volvo for 1.8 billion dollars

China's Zhejiang Geely Holding Group will pay the U.S. auto giant $1.8 billion for the Swedish car brand, which will give the company cachet in the domestic market and a foothold in Europe. China surpassed the United States last year as the top auto market, but its domestic car manufacturers faced an uphill battle acquiring brand awareness and technology overseas. The privately owned Geely was ranked 11th in total sales last year in China and will benefit from Volvo's research center and reputation for high safety standards.

China to start stock index futures trading on April

-Trade in Chinese stock index futures will begin April 16, the China Financial Futures Exchange (CFFEX) said Friday in a statement on its website. The...

Economist Olarn Chaipravat wants 37 baht for a dollar to boost exports

Economist lauds US and China for proactive measures but says Thailand must address its own problems

Latest news